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Credit Suisse investors sue Swiss regulator over bond wipeout

UBS and Credit Suisse signs
Photo: Getty Images

Complaint accuses Finma of failing to behave ‘proportionately’ and ‘in good faith’.

21 April, 2023 by Sam Jones in Zurich

Investors representing $4.5bn of wiped-out Credit Suisse bonds have filed a lawsuit against Switzerland’s banking regulator, in a dispute which challenges the country’s reputation as the world’s most politically stable and reliable financial centre.

The claim is the first to be